Freddie Mac Chief Economist, Amy Cutts predicts interest rates will increase to 6% by end of 2010. Her predictions are bearing fruit, this week interest rates creeped over 5% from a 4.75% low just weeks ago.
She statest that "extraordinary resources have been put into keeping rates down and it's hard to imagine they can go lower than they are now. Anything you get under 5% now is a gift at this point."